Bitcoin spot ETFs recorded $381 million in net inflows this week, ending an eight-week streak of consecutive outflows. Cumulative subscriptions since the launch of these products in January 2024 have now exceeded $52 billion. BlackRock, with its iShares Bitcoin Trust (IBIT) fund, accounted for the bulk of these flows, attracting $292 million alone in a single week. Bitcoin gained 8% in July, its strongest monthly rise since April, trading in a range between $58,000 and $65,000.
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